Shiba Inu Registers A Fresh All-Time High, Becomes More Valuable That Richest Person In Africa
Meme coin Shiba Inu, a Dogecoin spinoff, managed a new high, $0.00003995, barely a few a day ago, after a 41 percent surge in under 2 days.
This now make the cryptocurrency the 13th most sought after token with a market capitalization of about $15.2 billion. Forbes says it is now richer than the wealthiest person in Africa, Aliko Dangote, whose net worth is around $13.6 billion.
This surge is attributed to the current bullish market trend that began nearly a fortnight ago, which buoyed the token’s value by more than 26 percent. From then on, Shiba Inu has had a week-long hold at about $0.00002796.
The token’s present standing positions it as the 3rd most valuable cryptocurrency, right after Dogecoin. But it may be a while before Shiba Inu is able to surpass Dogecoin whose market cap is at $32.6billion.
Shiba Inu has a huge circulating supply, about 395 trillion. It jumped 40 percent after Tesla’s Elon Musk posted a tweet about Shiba’s puppy, Floki.